A computer engineer living in the USA discovered that he could receive an unlimited number of gift cards with a security flaw he found at the Microsoft company he worked for. The engineer, who received a gift card of 10 million dollars in total, invested this money in Bitcoin and added to his fortune. The engineer, who was caught 2 years later, was sentenced to 9 years in prison.
He settled in the USA from Ukraine and specialized in computer engineering. Microsoft employee Volodymyr Kvashuk discovered a security issue with Xbox gift cards and turned it into millions of dollars worth of Bitcoin.
He used the security bug he found in his own interest
With its video game brand Xbox, Microsoft offers its customers many video games and services along with the game console. Many Microsoft products can be purchased with Xbox gift cards, which work in the same way as other gift cards.
Kvashuk, who is tasked with auditing security protocols and finding errors in transactions with Xbox gift cards, discovered that he was constantly able to access new digital gift cards thanks to a bug he found. In fact, Kvashuk, whose mission is to report this life, started to buy Bitcoin from various sites using these gift cards.
10 MILLION CARDS STEAL OVER 2 YEARS
The Microsoft employee, who initially started with small amounts between 10 and 100 dollars, bought more Bitcoins by applying the same method with different methods. Among these methods, the most used method was to make purchases in bulk by hiding the place where he bought the gift cards, and then to buy gift cards again with cryptocurrencies. The employee, who continued these transactions for about 2 years, stole 152 thousand Xbox gift cards worth a total of 10.1 million dollars. Caught by the FBI, Kvashuk was sentenced to 9 years in prison.
Click for live cryptocurrency data and all cryptocurrency news.
– .
